LME Inventory:

  • Copper    UP      400
  • Zinc    DOWN    -1275
  • Lead    DOWN    -1775
  • Nickel  UP      462
  • Aluminum        UP      5575

Cancelled warrant ratio    

  • Copper  DOWN     (0.70)
  • Zinc    DOWN     (0.23)
  • Lead    DOWN     (0.67)
  • Nickel  UP       0.06

INVENTORY IMPACT:

Metal inventories witnessed slight drawdown however, the cancelled warrants consecutively declined for the fourth session except Nickel and may continue to have negative impact on metal futures

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